Tag: Freddie Mac

CFPB Issues Final Rule Extending GSE Patch

Filed in Advocacy, Housing Finance by on October 20, 2020 0 Comments
CFPB Issues Final Rule Extending GSE Patch

The Consumer Financial Protection Bureau (CFPB) today issued a final rule to extend the “government-sponsored enterprise (GSE) patch” that allows mortgage loans that are eligible for purchase by Fannie Mae and Freddie Mac to receive a safe harbor granted to qualified mortgages (QMs).

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FHFA Extends Support for Borrowers Through Nov. 30

Filed in Advocacy, Disaster Response, Housing Finance by on October 19, 2020 0 Comments
FHFA Extends Support for Borrowers Through Nov. 30

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Nov. 30, 2020.

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Financial Stability Oversight Council Supports FHFA Capital Proposal

Filed in Advocacy, Housing Finance by on September 28, 2020 0 Comments
Financial Stability Oversight Council Supports FHFA Capital Proposal

The Financial Stability Oversight Council voted unanimously on Sept. 25 to support a resolution in favor of the Federal Housing Finance Agency’s (FHFA) re-proposed capital framework for Fannie Mae and Freddie Mac that was issued this spring. Created by the Dodd-Frank Act of 2010, the Financial Stability Oversight Council is a committee responsible for monitoring the financial system in the United States.

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FHFA Further Extends Support for Borrowers

Filed in Advocacy, Disaster Response, Housing Finance by on September 24, 2020 0 Comments
FHFA Further Extends Support for Borrowers

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend buying qualified loans in forbearance and several loan origination flexibilities until Oct. 31, 2020. 

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NAHB, Housing, Consumer Advocacy and Banking Groups Oppose Fannie Mae, Freddie Mac Action to Raise Refinancing Costs

Filed in Advocacy, Housing Affordability, Housing Finance by on August 13, 2020 3 Comments
NAHB, Housing, Consumer Advocacy and Banking Groups Oppose Fannie Mae, Freddie Mac Action to Raise Refinancing Costs

In a move strongly opposed by NAHB, housing, consumer advocacy and banking groups, Fannie Mae and Freddie Mac announced they will charge a 0.5% fee on refinance mortgages they purchase as of Sept. 1.

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New Freddie Mac Study Reveals Growing Interest in ADUs

Filed in Economics, Housing Affordability by on July 22, 2020 0 Comments
New Freddie Mac Study Reveals Growing Interest in ADUs

Using the 1997-2019 Multiple Listing Service (MLS) transactions data, a new Freddie Mac study identified 1.4 million properties with ADUs in the United States. The South and West are the fastest growing regions for ADUs, with top markets including Portland, Dallas, Seattle, Los Angeles and Miami.

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FHFA Issues Housing Goals for Fannie Mae and Freddie Mac

Filed in Housing Finance by on July 21, 2020 0 Comments
FHFA Issues Housing Goals for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) has proposed its 2021 housing goals for Fannie Mae and Freddie Mac. Due to the economic uncertainty related to the COVID-19 national pandemic, FHFA is proposing benchmarks for calendar year 2021 only, and those levels will remain the same as they were for 2018-2020. Once finalized, the proposed benchmark levels would extend those benchmarks that are currently set to expire on Dec. 31, 2020.

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FHFA Extends Loan Processing Flexibilities Through Aug. 31

Filed in Disaster Response, Housing Finance by on July 9, 2020 0 Comments
FHFA Extends Loan Processing Flexibilities Through Aug. 31

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend several loan origination flexibilities until Aug. 31, 2020, to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on July 31.

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CFPB Proposes Two Rules to Address GSE Patch

Filed in Codes and Standards, Housing Finance by on June 22, 2020 0 Comments
CFPB Proposes Two Rules to Address GSE Patch

The Consumer Financial Protection Bureau (CFPB) issued two rulemaking proposals today to address the Government-Sponsored Enterprises patch (GSE Patch) for Fannie Mae and Freddie Mac that is set to expire in January 2021 or when Fannie and Freddie exit conservatorship, whichever comes first.

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FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

Filed in Disaster Response, Economics, Housing Finance by on June 17, 2020 7 Comments
FHFA and FHA Extend Foreclosure and Eviction Moratoriums Through August

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend their moratorium on single-family foreclosures and evictions until at least Aug. 31, 2020.  The foreclosure and eviction moratorium applies to Fannie Mae and Freddie Mac-backed single-family mortgages only. The Federal Housing Administration is also extending its foreclosure and eviction moratorium through the end of August for home owners with FHA-insured single-family mortgages.

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